Insider Selling: SailPoint (NASDAQ:SAIL) Insider Sells $350,919.18 in Stock

SailPoint, Inc. (NASDAQ:SAIL) insider Abby Payne sold 21,542 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.29, for a total transaction of $350,919.18. Following the sale, the insider owned 908,964 shares of the company’s stock, valued at $14,807,023.56. This trade represents a 2.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Abby Payne also recently made the following trade(s):

• On Wednesday, July 8th, Abby Payne sold 16,999 shares of SailPoint stock. The shares were sold at an average price of $15.42, for a total transaction of $262,124.58.

SailPoint Trading Down 7.7%

Shares of SAIL stock traded down $1.14 during trading hours on Friday, hitting $13.71. 3,361,605 shares of the company were exchanged, compared to its average volume of 4,720,288. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of -50.78, a P/E/G ratio of 1.53 and a beta of 2.20. The firm has a fifty day simple moving average of $14.65 and a 200 day simple moving average of $15.09. SailPoint, Inc. has a 52-week low of $10.30 and a 52-week high of $24.00.

SailPoint (NASDAQ:SAIL) last released its earnings results on Tuesday, June 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. SailPoint had a positive return on equity of 2.31% and a negative net margin of 14.04%.The business had revenue of $280.14 million during the quarter. During the same period in the prior year, the business earned $0.01 earnings per share. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. SailPoint has set its Q2 2027 guidance at 0.070-0.080 EPS and its FY 2027 guidance at 0.300-0.340 EPS. Sell-side analysts anticipate that SailPoint, Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on SAIL shares. Wolfe Research reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of SailPoint in a report on Wednesday, June 10th. Royal Bank Of Canada reiterated an “outperform” rating and set a $19.00 price objective on shares of SailPoint in a research note on Wednesday, June 17th. Roth Capital initiated coverage on SailPoint in a report on Wednesday, May 20th. They set a “buy” rating and a $19.00 target price for the company. Wells Fargo & Company raised their price objective on shares of SailPoint from $17.00 to $19.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of SailPoint in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, SailPoint has a consensus rating of “Moderate Buy” and a consensus target price of $20.08.

Trending Headlines about SailPoint

Here are the key news stories impacting SailPoint this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage on SailPoint with a neutral/hold rating and a $16 price target, suggesting the stock still has some upside from recent levels. Rosenblatt Securities Initiates a Hold Rating on SailPoint, Inc. (SAIL)
• Positive Sentiment: A recent earnings recap noted SailPoint has remained up since its last report, reflecting continued support from its better-than-expected quarter and raised guidance. SailPoint, Inc. (SAIL) Up 2.7% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: SailPoint’s last quarterly report beat earnings estimates and showed 21.5% revenue growth, but the market may now be focusing more on near-term sentiment and positioning than on fundamentals alone.
• Negative Sentiment: Pomerantz LLP announced an investigation on behalf of SailPoint investors, creating a legal overhang that could weigh on sentiment. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of SailPoint, Inc. – SAIL
• Negative Sentiment: Multiple insiders, including the CEO, CFO, president, general counsel, CAO, and EVP, disclosed stock sales over the past two days. The transactions were tied to 10b5-1 plans and tax withholding, but the volume of selling can still spook investors. SailPoint (SAIL) Faces Insider Resales, Is The Stock Still Cheap?

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada bought a new stake in SailPoint during the first quarter worth about $1,146,000. Goldman Sachs Group Inc. purchased a new position in shares of SailPoint during the 1st quarter valued at about $7,546,000. JPMorgan Chase & Co. purchased a new position in shares of SailPoint during the 2nd quarter valued at about $692,000. Rhumbline Advisers bought a new stake in SailPoint in the 2nd quarter worth approximately $1,047,000. Finally, New York State Common Retirement Fund bought a new stake in SailPoint in the 2nd quarter worth approximately $572,000.

SailPoint Company Profile

SailPoint Technologies Holdings, Inc (NASDAQ: SAIL) is a leading provider of enterprise identity governance solutions that enable organizations to manage and secure user access across on-premises, cloud and hybrid IT environments. Its software automates identity lifecycle management, access certifications, policy enforcement and privileged account governance, helping enterprises reduce security risks, maintain regulatory compliance and streamline IT operations. The company’s flagship offerings include IdentityIQ, a comprehensive on-premises platform, and IdentityNow, a cloud-native identity governance-as-a-service solution.

Founded in 2005 by industry veterans Mark McClain and Kevin Cunningham, SailPoint is headquartered in Austin, Texas.